Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Anova Metals Ltd. ( (AU:WA8) ) has issued an announcement.
Capricorn Metals Ltd, a company listed on the ASX, has increased its offer to acquire Warriedar Resources Limited, another ASX-listed company, through a share scheme of arrangement. The revised offer improves the share exchange ratio, providing a 24% premium to Warriedar’s last trading price. The Warriedar board recommends shareholders vote in favor of the scheme, and if approved, Warriedar securityholders will own approximately 5.5% of the enlarged group. Capricorn has also waived a condition precedent, allowing the share scheme to proceed even if the option scheme is not approved.
More about Anova Metals Ltd.
Average Trading Volume: 9,445,203
Technical Sentiment Signal: Buy
Current Market Cap: A$245.1M
For a thorough assessment of WA8 stock, go to TipRanks’ Stock Analysis page.